Tim Hortons Inc. increases quarterly dividend by 23.1% and declares a dividend of $0.32 per common share

Tim Hortons Inc. increases quarterly dividend by 23.1% and declares a dividend 
of $0.32 per common share 
(All amounts in Canadian dollars) 
OAKVILLE, ON, Feb. 20, 2014 /CNW/ - Tim Hortons Inc. (TSX: THI, NYSE: THI) 
today announced that the Board of Directors has approved a 23.1% increase in 
the quarterly dividend to $0.32 per common share, which is within our targeted 
annual dividend payout range of 35% to 40% of prior year, normalized net 
income attributable to Tim Hortons Inc.  The dividend is payable on March 18, 
2014, to shareholders of record as of March 3, 2014. 
"Paying a reliable and growing dividend stream continues to be our first 
priority in terms of returning capital to our shareholders.  This is the 
seventh consecutive year we have announced a meaningful increase to our 
dividend," said Cynthia Devine, Chief Financial Officer. 
Dividends are declared and paid in Canadian dollars to all shareholders with 
Canadian resident addresses.  For U.S. shareholders, the dividends will be 
converted to, and paid in, U.S. dollars based on prevailing exchange rates at 
the time of conversion by Tim Hortons for registered shareholders and by CDS 
Clearing and Depository Services Inc. for beneficial shareholders.  The 
payment of future dividends and the targeted payout range remain at the 
discretion of the Board of Directors. 
Tim Hortons Inc. Overview 
Tim Hortons is one of the largest publicly-traded restaurant chains in North 
America based on market capitalization, and the largest in Canada. Operating 
in the quick service segment of the restaurant industry, Tim Hortons appeals 
to a broad range of consumer tastes, with a menu that includes premium coffee, 
hot and cold specialty drinks (including lattes, cappuccinos and espresso 
shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini 
and classic sandwiches, wraps, soups, prepared foods and other food products. 
As of December 29, 2013, Tim Hortons had 4,485 systemwide restaurants, 
including 3,588 in Canada, 859 in the United States and 38 in the Gulf 
Cooperation Council. More information about the Company is available at 

SOURCE  Tim Hortons 
Scott Bonikowsky: (905)339-6186 orinvestor_relations@timhortons.com 
To view this news release in HTML formatting, please use the following URL: 
CO: Tim Hortons
ST: Ontario
-0- Feb/20/2014 12:31 GMT
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